Also in the week ending November 23rd 2018, a number of hedge funds have closed their doors. Macquarie Group has shut Asia's oldest quantitative equity hedge fund after a poor performance in recent years. PCA Investments Holding Co, Ltd, a joint venture between the China Investment Corporation (CIC) and PCA Partners, was a multi-strategy hedge fund that has also closed down. In another major development, JPM Asset Management has liquidated the capital structure-focused mixed-asset fund overseen by Natalia Bucci and Paul Levene. Meanwhile, gyrations in the natural gas and oil markets have claimed at least one hedge fund victim. Accounts belonging to Tampa-based Optionsellers.com, which specializes in writing commodities options for high net-worth investors, have been liquidated. Investcorp announced the launch of its Strategic Capital Partners strategy, which will focus on minority equity investments in mid-sized alternative asset managers; Crestline Investors raised $600m for new fund; DeVere, which claims to have over $10 billion under advice and management, has officially launched an actively managed crypto investment fund and US investment house Cooper Creek Partners has launched its long-running North America Long Short Equity fund on MontLake's Ucits platform. Meanwhile, Canadian mutual funds are getting ready to launch liquid alternatives and hedge funds. In oth...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, November 24, 2018
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